They should better protect data from 3rd parties, but have nothing to apolo
apologize for with respect to using data to target & sell ads.
The first issue is something all businesses need to improve (data breaches that could be misused by nefarious individuals / criminals). We've seen slow responses again and again on this. Target, Equifax, Home Depot, Yahoo, etc. etc. etc.
The latter issue is users demanding that which would kill all social media. A free service. Who do they think pays for the infrastructure?
People are conflating the two issues, and it's the latter which would actually undercut Facebook's business model. FB might take a hit, but I think they'll hold on. They'll probably cut back on aggressive data hoovering (location, call metadata) for now, and give users more granular control of their information, but they're probably too big to fail. They own Instagram as well, so there's no alternative unless a disruptor emerges that can make money while resisting big data.
I'm more concerned about the opening for grandstanding politicians to push regulations they don't understand that have the potential to harm the wider free & open internet. It's under assault around the globe by regulators, and repressive regimes. The US has been the nation to push back, to this point.
[Post edited by Hoo05Dave at 04/07/2018 11:26PM]
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In response to this post by hoolstoptheheels)
Posted: 04/07/2018 at 3:31PM